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Food Processing Equipment Market Size - By Mode of Operation (Manual, Automatic, Semi-automatic), Application (Bakery & Confectionaries, Meat Poultry & Seafood, Beverage, Dairy, Fruit Nut & Vegetable, Grains), Equipment Type, Process & Forecast, 2023 – 2032

  • Report ID: GMI6839
  • Published Date: Oct 2023
  • Report Format: PDF

Food Processing Equipment Market Size

Food Processing Equipment Market size was valued at USD 43.8 billion in 2022 and is estimated to expand at a CAGR of 4.8% between 2023 and 2032. The industry boom of food process machinery thrives due to the rise in the requirement for processed and packed Food’s, automation.
 

Food Processing Equipment Market

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Technology’s progresses, compliance with stringent Food-Safety rules, and a significant need for performance effectiveness & product- On top of that, there’s attention given to sustainability and an increase in environmentally friendly equipment making things better in the sector for some exciting developments.

 

Food processing equipment market challenges such as high initial capital cost required and maintenance costs, regulation compliance, trained personnel are barriers to entry. Moreover, the variations of economy that are happening over time have proven themselves as hindrances.

 

COVID-19 Impact

Supply chains were disrupted, workforce scarcity arose, and there were delays in project implementation in the food processing equipment industry because of the COVID-19 pandemic. Uncertainty of the economy caused a decrease in investment which resulted into slowing down growth of the markets. But high demand for pre-packed and processed foods partly compensated that loss.

 

Food Processing Equipment Market Trends

Automation of existing processes, incorporation of IoT & AI, and use of green sustainable equipment, among other things are some of the current trends being witnessed in the global food processing equipment industry. The growth of the market is steady, mainly due to changes in customers’ needs, technological development and increase of demand for processed & packed foods.

 

Food Processing Equipment Market Analysis

Food Processing Equipment Market Size, By Mode of Operation, 2021 - 2032 (USD Billion)

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The automatic food processing equipment market dominated around USD 21.4 billion revenue in 2022. Automatic equipment dominates, rapidly growing due to efficiency and reduced labor costs. Semi-automatic equipment is prevalent, offering a balance between automation and manual control. Manual equipment usage is declining, primarily in smaller-scale operations.

 

 Food Processing Equipment Market Revenue Share, By Process, (2022)

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The processing segment held over 64% of the food processing equipment market share in 2022. The processing equipment category continues to dominate with machinery for cooking, blending, packaging and others while pre-processing equipment is registering high growth rates as they mainly cater to the early stages of food preparation such as sorting, cleaning, and cutting

 

The cutting and slicing equipment segment recorded more than 26% of the market share in 2022, thanks to the need of exact weighing technology. Leading the way in this trend are mixers and blenders driven by an increased desire for uniform products. Food preparation & conservation, cooking & heating appliances are rapidly scaling up, being more conveniently adapted.

 

The bakery & confectionaries segment recorded 22% of the food processing equipment market share in 2022, due to rising consumer demand for baked products. As for the top segments based on demand, meat, poultry & seafood processing machinery holds the maximum share amongst them. Beverages lead the pack, buttressed by innovations in beverage processing techniques, and changing consumer habits that call for new drink varieties.

 

U.S Food Processing Equipment Market Revenue, 2021 - 2032 (USD Billion)

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U.S. food processing equipment market size reached USD 8.4 billion in 2022. North America has a major chunk of its food processing equipment industry leveraging automation and smarter technology to boost productivity and production capacity. Environmental consciousness leads to the development of sustainable, greener products. Packaging Equipment- Demand is Leading driven by increased require for processed and packed food.

 

Food Processing Equipment Market Share

Some of the major companies operating in the food processing equipment market are:

  • Tetra Pak
  • Bühler AG
  • Alfa Laval
  • JBT Corporation
  • GEA Group
  • Marel
  • Middleby Corporation
  • Illinois Tool Works
  • Dover Corporation
  • Heat and Control, Inc.
  • SPX FLOW
  • Krones AG
  • Bucher Industries
  • Hosokawa Micron Group
  • Satake Corporation

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Food Processing Equipment Industry News:

  • In February 2023, Based in Bridgeview, Illinois, Stampede Meat has established a significant partnership with DL Lee & Sons, enhancing its sous vide-processing capacity, potentially becoming the largest in the U.S. This collaboration allows expansion into the southeastern U.S. and Puerto Rico, utilizing a 155,000-square-foot facility capable of producing 80 million pounds of product annually.
     
  • In September, 2022, B2B food processing startup Suite42 secured $4.3 million in funding, with Omnivore and Orios Venture Partners as co-leaders, alongside Titan Capital, All In Capital, Pointone Capital, and Udaan’s participation. The funds will be utilized for talent acquisition, developing the 'Suite42 Standard' in food processing, introducing raw material financing, and initiating cross-border trade.
     

This food processing equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Tons from 2018 to 2032, for the following segments:

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Market, By Mode of Operation

  • Manual
  • Automatic
  • Semi-automatic

Market, By Equipment Type

  • Cutting and Slicing Equipment
  • Mixing and Blending Equipment
  • Cooking and Heating Equipment
  • Cooling and Freezing Equipment
  • Packaging Equipment
  • Others

Market, By Process

  • Processing
  • Pre-processing

Market, By Application

  • Bakery & Confectionaries
  • Meat, Poultry, & Seafood
  • Beverage
  • Dairy
  • Fruit, Nut, & Vegetable
  • Grains
  • Other

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of food processing equipment reached USD 43.8 billion in 2022 and is set to cross USD 69.3 billion by 2032, owing to the growing adoption of automated machinery due to the surging demand for processed and packed food.
Automatic food processing equipment industry generated USD 21.4 billion in revenue in 2022, due to their increasing efficiency and reduced labor costs.
U.S. market size was valued at USD 8.4 billion in 2022, attributed to the increasing adoption of automation and smarter technology across the food industry to boost productivity and production capacity.
Some of the leading industry players include Tetra Pak, Bühler AG, Alfa Laval, JBT Corporation, GEA Group, Marel, Middleby Corporation, Illinois Tool Works, Dover Corporation, Heat and Control, Inc., SPX FLOW, Krones AG, Bucher Industries, and Hosokawa Micron Group.

Food Processing Equipment Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 245
  • Countries covered: 21
  • Pages: 150
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